According to the public record, 3, Drake Street, Lincoln is a modern freehold house with 818 ft2 of internal area and sits on a 126 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Drake Street, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
3, Drake Street, Lincoln has 21 entries in the Land Registry database, most recently in July 2007 and a single entry in the EPC database dated August 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 3 Drake Street Lincoln as £183,156 and the rental value as £854 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 3 Drake Street Lincoln has increased by £6,522 (3.6%) and its rental value has increased by £37 per month (4.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 3, Drake Street, Lincoln is in very good condition we estimate a sale value of £192,314 and rental value of £897 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £170,335 and a rental value of £794 per month.
If you were able to purchase this property for the estimated value of £183,156, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £900 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 3, Drake Street, Lincoln sits on a plot of 126m2.
We have plot size data on 53 out of 60 other houses in the postcode and 3, Drake Street, Lincoln sits on the 12th largest plot.
According to HM Land Registry, 3, Drake Street, Lincoln was last sold on 31 Jul 2007 for £117,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2007, the market for similar properties has risen 52.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Drake Street, Lincoln within a radius of 380 metres over the last 2 years.
The most recent example is 49, Drake Street, Lincoln, LN1 1PP, a Freehold house which sold for £226,000 in Sep 2022.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drake Street, Lincoln, LN1 has a total of 80 addresses. According to our analysis of all the public data, 3, Drake Street, Lincoln is the 34th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £60k less expensive than the average property in LN1.
3, Drake Street, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 Aug 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 3, Drake Street, Lincoln is Lincoln station which is 1.3 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Drake Street, Lincoln, 43.7% of property is privately rented and 39.4% is socially rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 3, Drake Street, Lincoln, 47.1% of residents are recorded as possessing school level qualifications and 23.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 3, Drake Street, Lincoln, the average age was 39.2 and the most common age was 22.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 3, Drake Street, Lincoln, 0.0% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 3, Drake Street, Lincoln, there are an average of 0.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.